Separately, Zacks Investment Research lowered Corecivic from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th.
Shares of NYSE CXW opened at $22.08 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $2.60 billion, a P/E ratio of 9.56 and a beta of 1.33. Corecivic has a one year low of $17.16 and a one year high of $26.09.
Corecivic (NYSE:CXW) last issued its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.18). The firm had revenue of $484.06 million during the quarter, compared to analyst estimates of $466.75 million. Corecivic had a net margin of 9.09% and a return on equity of 12.72%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Equities analysts anticipate that Corecivic will post 2.46 EPS for the current year.
In other news, CEO Damon T. Hininger sold 21,251 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.69, for a total transaction of $439,683.19. Following the sale, the chief executive officer now owns 273,493 shares in the company, valued at $5,658,570.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thurgood Marshall, Jr. sold 7,200 shares of the stock in a transaction on Friday, March 29th. The stock was sold at an average price of $19.30, for a total value of $138,960.00. Following the sale, the director now owns 36,447 shares in the company, valued at approximately $703,427.10. The disclosure for this sale can be found here. Corporate insiders own 1.24% of the company’s stock.
Several hedge funds have recently made changes to their positions in CXW. JPMorgan Chase & Co. grew its holdings in shares of Corecivic by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 1,150,274 shares of the real estate investment trust’s stock worth $27,986,000 after purchasing an additional 196,371 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Corecivic by 0.5% during the third quarter. Vanguard Group Inc now owns 17,209,019 shares of the real estate investment trust’s stock worth $418,695,000 after purchasing an additional 90,081 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Corecivic by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 38,750 shares of the real estate investment trust’s stock worth $690,000 after purchasing an additional 709 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Corecivic by 60.8% during the fourth quarter. Meeder Asset Management Inc. now owns 18,095 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 6,839 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Corecivic by 10.8% during the fourth quarter. Bank of Montreal Can now owns 79,237 shares of the real estate investment trust’s stock worth $1,413,000 after purchasing an additional 7,755 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.
Corecivic Company Profile
CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
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